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>> That's it, Paul. We've got it.>> Salvaged at long last. More than seven decades after a Japanese torpedo sank the USS Indianapolis, researchers located its wreckage at the bottom of the Pacific on Friday. The US warship was hit as it was returning from its mission to deliver components for the atomic bomb that was dropped on Hiroshima.

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It went down in just 12 minutes. Although 800 of its nearly 1,200 crew survived the attack, only 316 were rescued five days later. The rest were either killed by sharks or died from exposure, dehydration or drowning. A research team led by Microsoft co-founder Paul Allen revived the search in 2016 after a Navy historian unearthed new information about its last movements.

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>> We try to do these both as really exciting examples of underwater archaeology and as tributes to the brave men that went down in these ships.>> The team spent months scouring a 600 square mile patch of ocean before finally locating the wreckage.>> The US Navy says it plans to honor the 22 survivors of the Indianapolis still alive along with the families of the ship's crew